Washington CNN —
Americans haven’t felt any better about the economy these past few months, but they haven’t felt any worse either. That’s striking because disappointing inflation reports have thrown Wall Street into a tailspin.
The University of Michigan’s latest consumer survey showed that sentiment largely held steady in April, according to a preliminary reading, edging lower to a reading of 77.9 from 79.4. Sentiment is well above the record lows seen in the summer of 2022, when inflation reached 40-year highs, though it remains below pre-pandemic levels.
“Sentiment moved sideways for the fourth straight month,
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